Categories for Money

What to Do When You Owe More Taxes Than You Can Pay

April 15, 2014 8:30 am  | Comments: 0 | Views: 4948
April 15 is stressful. So stressful, in fact, that car crash fatalities increaseby 6 percent on that day, according to a study in the Journal of the American Medical Association — which sure gives some extra punch to the old adage about death and taxes. Owing taxes — especially if you don’t have the funds to pay… View Article

The IRS Just Made A Crucial Ruling About Bitcoin

March 31, 2014 10:30 am  | Comments: 0 | Views: 5093
The IRS has ruled Bitcoin should be treated as property, not as currency, for tax purposes. According to Bitcoin tax expert Tyson Cross, this will create a significant burden on Bitcoin users, as every transaction they ever make using the digital currency will have to be reported in some way. That would not be the case if… View Article

Mt. Gox Finds 200,000 Bitcoins In ‘Forgotten’ Wallet

March 27, 2014 10:30 am  | Comments: 0 | Views: 5219
Mt. Gox said on Friday it found 200,000 “forgotten” bitcoins on March 7, a week after the Tokyo-based digital currency exchange filed for bankruptcy protection, saying it lost nearly all the 850,000 bitcoins it held, worth some $500 million at today’s prices. Mt. Gox made the announcement on its website. Online sleuths had noticed around… View Article

For Bitcoin, Secure Future Might Need Oversight

March 17, 2014 10:30 am  | Comments: 0 | Views: 5690
Nearly half a billion dollars has gone missing, and nobody knows how. Some say there was outright theft. Others suspect fraud. Many blame lax controls, poor oversight and, above all, a reckless, globe-spanning, Wild West culture — a culture that everyone agrees is ripe for wholesale reform. I’m not talking about Bitcoin. I’m talking about… View Article

The Obsessively Secretive Founder of Bitcoin Has Been Unmasked

March 11, 2014 10:30 am  | Comments: 0 | Views: 5047
Press outlets and members of the Bitcoin community have long speculated that “Satoshi Nakamoto” was a pseudonym for — according to various claims over time — certain noted economists, cryptographists and mathematicians across the globe, or even a consortium of inventors. But in the cover story of its first printed issue since 2012, under its new… View Article

Goldman Sachs Takes On Bitcoin

March 4, 2014 10:30 am  | Comments: 0 | Views: 5095
The eye of big finance is finally turning towards cryptocurrency. Responding to requests from clients, Goldman Sachs has put out an early assessment of Bitcoin that says little about the bank’s official position on BTC investment. So far, the financial services firm is neutral regarding the currency and is not actively recommending it to clients… View Article

First U.S. Bitcoin Vending Machine Installed in New Mexico Cigar Shop

February 28, 2014 10:30 am  | Comments: 0 | Views: 5585
Albuquerque, N.M. — not tech-obsessed San Francisco or New York — has claimed the title of first city to install an operational Bitcoin vending machine in the U.S. The machine is up and running, as of Tuesday, at a cigar shop called Imbibe near the University of New Mexico, according to an announcement byLamassu, the machine’s manufacturer. The vending… View Article